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WorksheetsQuiz Pengetahuan Incoterms
Total questions: 35
Worksheet time: 18mins
How many terms are there in Incoterms 2020?
13
11
2,010
Unlimited
Incoterms are:
Voluntary Internationally recognised commercial shipping terms
Mandatory Internationally recognised commercial shipping terms
Colloquial terminology
Ancient Inca language
The use of Incoterms must be included in:
Transport contract
Negotiable bill of lading
Sales contract
Exporter Declaration Form
Incoterms are formulated by:
United Nations
International Chamber of Commerce
National Chamber of Commerce
The contracting parties
Incoterms apply:
For all international shipments of goods
For all national shipments of goods
For international shipments under the Uniform Commercial Code
Only if clearly stated in the sales contract
Incoterms address:
Ownership rights
Contract violations
Risk of loss between parties
Type of vessel used
Incoterms 2020:
Can only be used for international purchases
Can only be used in multimodal transportation
Can only be used for purchases above a certain value
Can be used for both domestic and international purchases
For Sellers, which term provides the least opportunity to add 'value-added services'?
EXW
CIF
DAP
FCA
If the Buyer wants to minimize their risk, which series of Incoterms 2020 will they use?
Series 'E'
Series 'F'
Series 'C'
Series 'D'
Which term is limited to shipping via maritime or inland waterway?
EXW, FAS, and FOB
FCA, CPT, and CIP
DAT, DAP, and DDP
FAS, FOB, and CIF
Under which series of Incoterms 2020 is the Seller's risk the greatest?
Series 'E'
Series 'F'
Series 'C'
Series 'D'
Which Incoterms are allowed regardless of the mode of transport?
EXW, FCA, and FAS
FCA, CPT, and CFR
EXW, FAS, and FOB
EXW, FCA, and DAP
When goods are shipped 'CIF', who is responsible for paying the shipping costs?
Buyer
Seller
Both
None
'FOB' is only suitable when goods are shipped via:
Truck and Ship
Train and Truck
Ship
Air and Ship
Which Incoterms can be used to transfer ownership of goods?
EXW
FCA
FOB
None of the above
When goods are delivered 'DAP', who is responsible for customs clearance?
Buyer
Seller
Both
None
‘CFR’ stands for:
Cost, Freight & Rail
Transportation and flexibility
Cost and freight
Cost, Free and Rail
In 'DAT, where is the risk transferred?
At the terminal
On the Ship
While on the Crane
Not on board
An exporter can transfer the responsibility for export clearance to a foreign buyer by using:
FCA
FOB
EXW
DDP
Which mode is suitable for goods shipped 'DDP'?
Truck/Rail
Ship
Air
All of the above
PT ABC exporter has an export contract for furniture from Taiwan for 3 x 40” CTR and the shipping terms agreed are door to door. PT ABC will be responsible for all costs up to the buyer's warehouse except for Customs Duties. What type of Incoterm applies to this case?
Ex Works
FOB
CIF
DDU
What costs must the seller pay if the sales contract uses CIF terms, except for?
Export Packaging
Trucking to the port
Shipping costs
Import clearance
If the Seller receives an order from Amsterdam and the buyer orders delivery to the Port of Rotterdam including Insurance. What type of Incoterms is appropriate for this case?
CIP
CFR
CIF
CPT
An exporter for handicrafts receives an order from Japan for 500 pieces of accessories. The buyer agrees to a delivery delay of 2 months from the contract date, and the seller is responsible for delivery up to the ship at the Port of Semarang. What type of Incoterms applies to this case?
CIP
CFR
FOB
CPT
Company A in Indonesia sells goods to Company B in Japan. Company A agrees to ship the goods to the port in Japan but is not responsible for shipping costs after the goods arrive at the port. The correct Incoterm for this transaction is:
EXW
FOB
CIF
CFR
Company A in Germany sells goods to Company B in Brazil. The goods will be shipped to the port in Brazil, and Company A is responsible for the transportation and insurance costs during the shipment. The Incoterm used in this transaction is:
CIP
CIF
DDP
DAP
The sender in China sends goods to the Buyer in Russia. The goods are sent to the address of Company B, but the buyer is responsible for customs clearance in the destination country. The correct Incoterm for this situation is:
DDP
EXW
DAP
FCA
PT ABC in Italy sells goods to a Buyer in India. The goods are shipped from Company A's warehouse, but Company A is not responsible for shipping costs or customs duties after the goods leave the warehouse. The correct Incoterm is:
EXW
FCA
FOB
FAS
A sender in England sends goods to the United States. The shipping and insurance costs are borne by Company A until the goods arrive at the port in the United States. The appropriate Incoterm is:
CIF
CFR
DDP
FCA
Company A in Indonesia sends goods to Company B in Singapore. Company A delivers the goods to the port in Singapore and is responsible for the shipping costs, but not for insurance. The correct Incoterm used in this transaction is:
CPT
CIF
DAP
CFR
Company A in South Korea ships goods to Company B in Thailand. The goods are sent to the address of Company B, and Company A is responsible for the shipping costs and customs duties in the destination country. The correct Incoterm is:
DDP
DAP
EXW
FAS
Under Incoterms 2020, a contract states 'DPU Rotterdam.' The seller arranges transportation, delivers the goods, and unloads at the warehouse in Rotterdam. During unloading, the goods are damaged. Who bears the risk?
Buyer, because the risk transfers upon arrival at the destination.
Seller, because DPU requires them to bear the risk until unloading is complete.
Carrier, because the damage occurred during their handling.
Buyer, because DPU transfers the risk when the goods are placed at their disposal.
The CIF contract requires the seller to:
Bear the cost of marine insurance under the Institute Cargo Clauses (A).
Arrange for export clearance and provide minimum insurance under the Institute Cargo Clauses (C).
Transfer the risk to the buyer after the goods are loaded onto the ship.
Pay all import duties and taxes at the destination port.
Delivery from Brazil to Germany using FCA São Paulo. The carrier chosen by the buyer arrives with a container, but the seller's forklift operator damages the goods while loading them into the container. Who is responsible?
Buyer, because the risk transfers when the carrier takes possession.
Seller, because loading under FCA is their responsibility.
Carrier, because they provide the container.
Buyer, because FCA only applies to maritime transport.
Under EXW, which obligation applies to the buyer?
The buyer, because the risk transfers when the carrier takes possession.
The seller, because loading under FCA is their responsibility.
The carrier, because they provide the container.
The buyer, because FCA only applies to maritime transport.
